Danacita Opens Voice About Loans To Pay Lectures

Rupiah illustration (photo: between)

JAKARTA - The peer to peer lending (pinjol) fintech service PT Inclusive Finance Group or Danacita said it continues to be committed to providing educational funding services that are safe and secure for all students in educational institutions who have cooperated.

For information, Danacita is an Information Technology-Based Joint Funding Service (LPBBTI) company licensed and supervised by the OJK based on the Decision of the OJK Commissioner Number KEP-68/D.05/2021 dated August 2, 2021.

Danacita President Director Alfonsus Wibowo said the Memorandum of Understanding (MoU) between Danacita and the Bandung Institute of Technology (ITB) was signed on August 10, 2023.

Through this collaboration, both parties agreed that Danacita was present as an alternative solution for students of the Bandung Institute of Technology (ITB). The MOU aims to provide flexibility for students who have not been able to pay tuition fees (UKT) directly.

Alfonsus said that recently, information was busy about the presence of Danacita as a choice of payment methods at the Bandung Institute of Technology (ITB). In this regard, Danacita is not a loan or online loan, because this term is often associated with the practice of illegal, unethical, and negative connotation.

"Danacis are providers of Information Technology-Based Joint Funding Services (LPBBTI) who are always committed to carrying out the practice of responsible funding services," said Alfonsus in his official statement, Wednesday, January 31, 2023.

Alfonsus conveyed that Danacita carries out the practice of responsible funding services, or responsive lending, by applying the precautionary principle in determining whether the funding provided is in accordance with the ability of student or guardian fund recipients.

According to Alfonsus, this is intended so that every application for education costs at Danacita is in accordance with the needs and abilities of students or guardians so that it will not be difficult to make repayments, and prioritize financial welfare in the long term.

Alfonsus explained that Danacita lists all costs incurred from each application for education costs, including costs incurred in front (of approval costs), monthly costs or also referred to as interest or service fees, delay fees, and others, which can be accessed and viewed transparently by students during submissions.

"This is expected to empower students to receive funding responsibly and can minimize the risk of fraud or unethical practices," he explained.

Alfonsus said that the in-depth analysis and verification process to assess the ability of students and/or guardians to pay off the funding provided is always put forward.

For this reason, students or recipients of funds who are less than 21 years old or do not have sufficient income are required to submit to Danacita with their parents or guardians.

Since its establishment, Danacita ensures that 100 percent of the funding is channeled directly to campus institution accounts, not to individual accounts from students or guardians. This is implemented with the aim of ensuring that the funds distributed are only used to pay for education needs.

In addition, in the process of collecting Danacita, it is also ensured that the team that communicates directly with students has been certified and received training from the official association appointed by the OJK. This also ensures that the operation of Danacita, starting from the submission process to the collection process, is carried out with principles and ethics according to the standards set by the government.

In addition, Danacita implemented an early payment program without any fees or repayment penalties. In some educational institutions that have collaborated with Danacita, this program is known as a bailout fund where any early repayment can be done without calculating the due fees, without any additional fees or repayment penalties.

This is claimed to provide maximum benefits for students, so that they can pay off installments early, without having to pay additional fines which are generally imposed by other financial institutions if there is an early payment.